Overview
What is Online Lenders Alliance?
Online Lenders Alliance, abbreviated as OLA, is a professional trade association situated in Arlington, Virginia. The organization represents the expanding sector of companies offering online loans. OLA's members adhere to a set of best practices and a code of conduct, ensuring their customers are fully informed and treated fairly. The alliance is committed to promoting a diverse and responsible marketplace for innovative online financial services. By implementing industry solutions, OLA aims to enhance the safety and security of online transactions. Additionally, the alliance focuses on education, communication, collaboration, and advocacy with policymakers and opinion leaders. With approximately 7 employees, OLA is devoted to the success of its member companies and their customers in the realm of online financial services.
Official website here: www.onlinelendersalliance.org
Is Online Lenders Alliance legitimate?
Online Lenders Alliance is a legitimate nonprofit organization registered as a 501(c)(6) entity. Online Lenders Alliance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $885,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,485
For more financial information, click here
Official website here: www.onlinelendersalliance.org
What is the mission statement of Online Lenders Alliance?
The Online Lenders Alliance (OLA) serves as a professional trade association for the rapidly expanding online lending industry. Its primary objective is to support the success of its member companies and their customers in the realm of online financial services. The alliance's mission is to foster a diverse and responsible marketplace for innovative online financial services, ensuring the safety and security of online transactions through industry solutions. This is accomplished by providing education, communication, collaboration, and advocacy with policy makers and opinion leaders. OLA members adhere to comprehensive best practices and a code of conduct.
Official website here: www.onlinelendersalliance.org
Who is the CEO of Online Lenders Alliance?
Andrew M Duke is the Executive Di of Online Lenders Alliance.
Official website here: www.onlinelendersalliance.org
What is the revenue of Online Lenders Alliance?
Online Lenders Alliance's revenue in 2022 was $6,273,424.
Official website here: www.onlinelendersalliance.org
Who are the executives of Online Lenders Alliance and what are their salaries?
The average compensation at Online Lenders Alliance during 2022 was $183,452. There are 7 employees and 20 volunteers at Online Lenders Alliance.
Here are 22 key members and their salaries:
- Compensation: $470,688
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- Other: $19,500
- Compensation: $207,906
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- Other: $18,684
- Compensation: $207,088
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- Other: $19,500
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Official website here: www.onlinelendersalliance.org
Where can I find the form 990 for Online Lenders Alliance?
Online Lenders Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onlinelendersalliance.org
Learn more at the official website: www.onlinelendersalliance.org
Mission Statement of Online Lenders Alliance
Online Lenders Alliance, or OLA, serves as a professional trade association for the rapidly expanding online lending industry. The organization is committed to the prosperity of its member companies and their customers, focusing on online financial services. OLA's mission is to establish a diverse and responsible marketplace, providing access to innovative online financial services. This is achieved through industry solutions, ensuring the safety and security of online transactions. Additionally, OLA engages in education, communication, collaboration, and advocacy with policy makers and opinion leaders. Members of Online Lenders Alliance adhere to comprehensive best practices and a code of conduct, ensuring ethical and responsible practices within the online lending industry.
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Impact
October, 2024
The Online Lenders Alliance (OLA) plays a significant role in advancing the online lending industry by fostering a responsible and diverse marketplace for financial services. By representing member companies, OLA promotes best practices and a comprehensive code of conduct, ensuring that consumers receive fair treatment and are fully informed about their financial options.
OLA's impact is evident in its commitment to safety and security in online transactions, which enhances consumer confidence in digital lending. Additionally, the organization engages in education, communication, and advocacy efforts, working closely with policymakers and opinion leaders to influence regulations and address concerns within the industry.
Through these initiatives, OLA not only supports the growth of its member companies but also contributes to the overall improvement of community access to innovative financial solutions. This holistic approach ensures that both businesses and consumers benefit from a well-regulated online lending ecosystem.
This information is meant to be a general summary of Online Lenders Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $6,272,104
- Gross Receipts: $6,273,424
Assets and Liabilities:
- Total Assets: $4,568,130
- Total Liabilities: $468,521
- Net Assets: $4,099,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,858,071
CONFERENCE REVENUE
Revenue
$2,252,533
PROJECT INCOME
Revenue
$97,000
ASSESSMENTS
Revenue
$64,500
Organization Details
Founding Year
2005
Phone
(703) 567-0327Principal Officer
Andrew M Duke
Main Address
1235 S CLARK STREET SUITE 605, ARLINGTON, VA, 222024363
NTEE Category
Code: S41 - Community improvement
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